even after a discount for being "an all-electric home".
We have a ground source heat pump. Well water transfers 53* (?) temp to freon (or whatever), the freon goes thru a compressor which kicks the temp of the freon up, then transfers that heat to forced air, which cycles quite often (three times or four times per hour, whatever it is set at)
The "all electric discount". (No hard numbers here but I'll give you an idea.)
We pay the regular rate for say 300 kWh. Then the discount kicks in above that. Great...but... the discount stops 300 kWh later. The penny savings per kWh will hardly buy you a beer. Anything above 600 kWh is regular rate.
Also, we bought the bit about almost free hot water, as it is pre heated by the heat pump. Another but. We needed an 80 gal. electric hot water heater for the system to function properly. Not two forty in series, one eighty gallon. Who uses eighty gallons of hot water? Oh but it is almost free. If I took the heating electric element out of the hot water heater I seriously doubt we would have anything close to warm water let alone hot.
Would love to meter the electric use of just the hot water heater and just the heat pump to post on here.
The heat pump does have the benefit of air conditioning in the summer if needed for a few days or weeks in Michigan.
When we built the other option was propane.
Twenty years later there is now natural gas at the road.
Our main heat is wood during the coldest months after taking a break from it for several years when I was working away from home.
Our previous home, for fifteen years, was wood heat, with a propane wall furnace backup to keep the pipes from freezing when gone for a weekend. We had four 100 lb. bottles hooked up after we ran out with two a couple times so we could change out two at a time. That and heat tapes on everything. Basically a summer cottage, no wall insulation at all, the old metal framed casement windows that iced up heavily, all on a concrete slab. We blocked up the fireplace with stone work and set a Vogelzang box stove in front of it that needed reloaded at 3:00 am. Had one Stihl 042 and rented a splitter once a year. We loved it at the time.